$XRP Treasury Firm Evernorth Eyes Tokenized Real-World Assets

Evernorth CEO Asheesh Birla says the era of digital asset treasury (DAT) companies simply accumulating cryptocurrencies is coming to an end.

The DAT industry, which initially relied on rising crypto prices to grow its value, is now entering a second phase focused on generating returns from digital assets already held on corporate balance sheets.

Evernorth, which strategically accumulates $XRP, plans to build its business around tokenized real-world assets (RWAs) through decentralized finance protocols on the $XRP Ledger (XRPL).